DivX Hosts Online Video Festival

San Diego — DivX, a developer of digital video compression technologies, said it will sponsor an online video festival, which will solicit entries devoted to creativity, storytelling and improving digital media.

Called the DivX Film Festival, the event will be hosted on the DivX Stage6 online video-sharing community site. The contest is open to veteran professionals and aspiring independent filmmakers looking “to make their mark on the next generation of filmmaking,” the company said.

The DivX Film Festival is currently accepting video submissions that contain the advanced features of DivX, including interactive menus, chapters, subtitles and multiple audio tracks. Content creators can use these features to offer audiences compelling digital content, complete with bonus commentary cuts or subtitles to make it meaningful to a global audience.

Videos will be accepted from a range of genres, including animation, comedy, documentary, fiction and music.

The final deadline for submissions is April 30, 2007. Prizes range from DivX Certified hardware and software bundles to $5,000 cash, including a top-of-the-line DivX Ultra Certified DVD player and digital camera that records DivX video.